Thursday, December 21, 2017

A Good Condo Valuation System Allows Factors that Specifically Impact Condo Pricing

(Click on the image to enlarge)

The above graphics show that a 2,000 SF condo in a downtown high-rise with world class amenities will be significantly pricier than its similar size counterpart in a mid-rise building with typical amenities in the suburb. 

Such price differences are more stark in major cities; for example, a condo in Midtown Manhattan will be at least 5-to-10 fold pricier than a similar one in Queens (suburb). 

Similarly, a high-rise condo unit with panaromic river or park view could be significantly pricier than the comparable ones in the same building without such views.  

Therefore, a good Condo Valuation System must allow all these experimentations so the users understand how location, type of complex, amenities, view, etc. impact condo prices.

I picked the above graphics from Condoyada.com as I own and operate it, to avoid having to deal with any copyright issues. My Condoyada site is a 60-second top-down condo valuation system. It's self-directed (no modeled values), totally free (no strings), and requires no login or registration whatsoever. Moreover, it has a built-in non-linear value curve/scale tied to the condo size. Anyway, please choose the system that works best for you.

To learn more about a Top-down Valuation System, please read: 

Why First-time Homebuyers must Start at a Top-down Valuation Site:

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